Tripple G records total assets drops to N 1.79bn in Q3
The company’s third quarter result for the period ended December 31 217 released y the Nigerian stock Exchange (NSE) on Monday showed that total assets of the firm grew to N1, 786,334.00, which was against N1, 836,622 recorded by the company as at 31 December 2016
The company’s statement of financial position for the period showed that total current assets closed the period at N742, 630.00 in the third quarter ended December 31, 2017, against N706, 802.00 recorded in the corresponding period of 2016.
The result showed that total none current assets closed at N1, 043,691.00, against N1, 131,820.00 posted in third quarter 2016.
The company’s statement of profit and loss and other comprehensive income however showed marked growth in key indices as turnover grew by 40 per cent to N494, 769 million, against N354,238.00 in the corresponding period 2016.
Gross profit grew by 13 per cent to N120, 682 million, from N107, 115.00 recorded in the same period of 2016. The company’s profit and loss brought forward showed a decline by 2 per cent to close at N145, 569.00 in December 31 2017, from N148,713.00 posted in the corresponding period of 2016.
Tripple G & Company Plc is a provider of secure payment solutions. The company’s security printing solutions include high quality security cheque printing hardware and specialized consumables for secure printing and payment applications.
The companys sells and services it’s products to major corporations, banks, key government accounts and distributors i n Nigeria and West Africa.
Tripple Gee & Company Plc offers a very wide range of services catering to all aspects of the security market, supplying complete solutions to the corporate, banking and governmental sectors .
Tripple G and Company PLC manufactures computer stationary, business forms, self adhesive labels and office equipment.
Stories by Bonny Amadi
